• Insurance in which the benefits of the insurance are distributed upon the tontine principle. Under the old, or full tontine, plan, all benefits were forfeited on lapsed policies, on the policies of those who died within the tontine period only the face of the policy was paid without any share of the surplus, and the survivor at the end of......
Found on
http://thinkexist.com/dictionary/meaning/tontine_insurance/
Ton·tine' in·su'rance (Life Insurance) Insurance in which the benefits of the insurance are distributed upon the tontine principle. Under the old, or
full tontine , plan, all benefits were forfeited on lapsed policies, on the policies of those who died within the tontine period only the face of the policy was pai...
Found on
http://www.encyclo.co.uk/webster/T/69
noun a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
Found on
https://www.encyclo.co.uk/local/20974
No exact match found.
